Reasons for shifting production to other countries John Deere is a global leader in the tractor market and its strategic objective is to expand rapidly outside of North America. One of the ways to expand globally is to make the product closer to the target market
Offshoring is the practice of a firm moving its service and production operations to a different nation. A corporation with American roots, John Deere is well recognised for assembling and producing agricultural tractors.
Samuel Allen, the company's CEO, predicts that Offshoring the company's tractor manufacture overseas will boost overall sales to $50 billion by 2018, with half of that amount coming from nations other than the US and Canada. Offshoring production would aid in growing the business to a worldwide scale in addition to boosting revenue.
Due to differences in time zones, the company's production processes and services would be available around the clock. The cost of manufacture would also be reduced by offshore tractor production.
The business would stop paying the costs of transporting tractors from the base production site to foreign nations. The need to exert more control, an effort to reduce risks, and a desire to concentrate on business development are some further justifications for outsourcing.
To learn more about offshoring here,
brainly.com/question/22541228
#SPJ4
Answer:
The correct answer is False.
Explanation:
Integrated business planning (IBP), which consists of synchronizing commercial, financial and supply chain plans in a single holistic administrative process, is vital to meet the evolving requirements of modern supply chains. An advanced form of sales and operations planning (S&OP) is the IBP that is increasingly being adopted in the manufacturing, distribution and service sectors. Companies that implement IBP programs in a strategic way generally exceed 20% of gross margin on average to companies that apply S&OP in a more tactical and less integrated way.
An organization of investors usually in the form of a limited partnership who have joined together for the purpose of pooling capital for the acquisition of real property interests is known as a Real Estate Syndicate.
An organization is a group of people working together, such as a neighborhood association, charity, union, or business. The word organization can be used to refer to a group or enterprise or the act of forming or establishing something.
An organization is an official group of people such as a political party, business, charity or club. Most of these vocational schools are provided by volunteer organizations. ... Reported by the International Labor Organization. Synonyms: Synonyms for groups, companies, associations, associations, and organizations.
Learn more about organization here:brainly.com/question/19334871
#SPJ4
Hey There!:
Sample Mean = 4.4823
SD = 0.1859
Sample Size (n) = 7
Standard Error (SE) = SD/root(n) = 0.0703
alpha (a) = 1-0.99 = 0.01
t(a/2, n-1 ) = 3.7074
Margin of Error (ME) = t(a/2,n-1)x SE = 0.2606
99% confidence interval is given by:
Sample Mean +/- (Margin of Error)
4.4823 +/- 0.2606 = (4.222 , 4.743)
Hope this helps!
<h3><u>
Answer:</u></h3>
The commission can be shared between the two agents.
<h3><u>
Explanation:</u></h3>
Many times different companies collaborate with each other to sell a particular policy to maximize their profits. When there are two agents licensed in the same line and when the two companies collaborate to sell a policy then the commission is shared between the agents.
This is because they will work together for the profits and that when the two companies collaborate they become one to sell the policy. The agents work together and the commission is given to them as a whole. This is a common practice when two companies work together.
